NewsNorwegian Economy Contracts 0.6% In Q1

Norwegian Economy Contracts 0.6% In Q1

13.05.2022 09:57

Surge in oil and gas prices led increase of 5.6% in Norway’s total GDP in January March.

Norway's economy contracted 0.6% in the first quarter of this year due to restrictions to curb the spread of the omicron variant of coronavirus.

"Despite increased activity in February and March of 0.6% and 1%, respectively, GDP for Mainland Norway was 0.6% lower in the first quarter compared to the previous quarter due to the decline in December and January," the country's statistical office said on Friday.

Elevated oil and gas prices led to an increase of 5.6% in Norway's total GDP in January-March, measured in current prices and adjusted for seasonal variation. -

Latest News

Historic call from Abdullah Öcalan! He released a video message.

"Historic call from Abdullah Öcalan! He released a video message."
Öcalan, does he want to be released? He answered in his video message.

"Öcalan, does he want to be released? He answered in his video message."
Trump's unprecedented threat to Putin:

"Trump's unprecedented threat to Putin: "I will bomb Moscow until it is destroyed.""
In the Kartalkaya case, the words that shook the courtroom:

"In the Kartalkaya case, the words that shook the courtroom: "I am the director, but I have no authority.""
An interesting protest in the Turkish Grand National Assembly! A model of a bride and groom appeared at the podium.

"An interesting protest in the Turkish Grand National Assembly! A model of a bride and groom appeared at the podium."

""Secret filming scandal in the changing room! It turned out to be a perverted obstetrician.""
The death toll from the flooding disaster in Texas has risen to 111.

"The death toll from the flooding disaster in Texas has risen to 111."
The third day of the Kartalkaya case! The defendants' testimonies are being taken.

"The third day of the Kartalkaya case! The defendants' testimonies are being taken."
The withholding tax rates applied to deposits and investment funds have been increased.

"The withholding tax rates applied to deposits and investment funds have been increased."

""Grok investigation! An application has been made to the BTK for access restriction.""
Slow: If the goal is to hinder the mayors from the CHP, I am willing to resign today.

"Slow: If the goal is to hinder the mayors from the CHP, I am willing to resign today."
MIT President Kalın's raid on Baghdad! Here is the most important topic on the table.

"MIT President Kalın's raid on Baghdad! Here is the most important topic on the table."
A new photo of Abdullah Öcalan.

"A new photo of Abdullah Öcalan."
Erdoğan signed, 2,659 personnel will be recruited for the ministries.

"Erdoğan signed, 2,659 personnel will be recruited for the ministries."
Here is the statement of Zeydan Karalar, who was arrested.

"Here is the statement of Zeydan Karalar, who was arrested."
An investigation has been launched into the artificial intelligence Grok, and a swift move has come from X.

"An investigation has been launched into the artificial intelligence Grok, and a swift move has come from X."
The Mayor of Manavgat, Niyazi Nefi Kara, has been suspended from duty.

"The Mayor of Manavgat, Niyazi Nefi Kara, has been suspended from duty."
The hotel manager's defense in the Kartalkaya tragedy stirred up the courtroom.

"The hotel manager's defense in the Kartalkaya tragedy stirred up the courtroom."
While the first round of the debate continues, a new poll has arrived! The difference is striking.

"While the first round of the debate continues, a new poll has arrived! The difference is striking."
The Mayor of Adana Metropolitan Municipality, Zeydan Karalar, has been arrested.

"The Mayor of Adana Metropolitan Municipality, Zeydan Karalar, has been arrested."
Departures at Galatasaray one after another! Halil Dervişoğlu's new team has been revealed.

"Departures at Galatasaray one after another! Halil Dervişoğlu's new team has been revealed."
The separation at Galatasaray has been officially announced.

"The separation at Galatasaray has been officially announced."
The owner of the hotel with 78 rooms was brought to court like this! The first photo from Halit Ergül.

"The owner of the hotel with 78 rooms was brought to court like this! The first photo from Halit Ergül."
Trump's statement on a ceasefire in Gaza: I hope we will reach an agreement by the weekend.

"Trump's statement on a ceasefire in Gaza: I hope we will reach an agreement by the weekend."
The decision regarding CHP's detained deputy mayor Ahmet Şahin.

"The decision regarding CHP's detained deputy mayor Ahmet Şahin."
In order to provide you with a better service, we position cookies on our site. Your personal data is collected and processed within the scope of KVKK and GDPR. For detailed information, you can review our Data Policy / Disclosure Text. By using our site, you agree to our use of cookies.', '